Whitecap Resources achieved record financial and operating results for the second quarter of 2026. Strong production and higher commodity prices drove the performance.
Funds flow reached a record $1.4 billion during the period. Petroleum and natural gas revenues increased 93% year-over-year to $2.63 billion. Net income rose to $889.5 million. Earnings per share reached $0.73, up from $0.33 in the prior year.
Quarterly production averaged 388,894 barrels of oil equivalent per day (boe/d). This output represents a 33% increase from the previous year. Whitecap raised its full-year 2026 production guidance to a range of 384,000 to 386,000 boe/d. The company also reduced its net debt to $2.5 billion.